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Why introducing online wallets is a great option for most companies?

Many of us have now started recharging online, and like the way they give cashbacks and credits directly into your wallet if you have one. But have you ever thought why they profit from these wallets? Probably not, let me tell you a summary.


So, when you do a recharge, and the website promises you a cashback, it is most likely to feed the money directly to your wallet or credits, as that makes the process much smoother. The second fact is, that they lock you for another recharge, mostly because the points are going to expire some time, or the amount you deposit is not refundable, this is the case in Paytm and Freecharge.

 So, that's a short explanation, hope you understand and thanks for reading! :)

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